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Louis Cruises Receives Greek Tourism Awards



Louis Cruises announced the company was given three awards during the recent Greek Tourism Awards 2014 event, one Gold and two Bronze. Louis Cruises was awarded a Gold Award for Contribution to Local and Social Development, thanks to its tremendous contribution to the Greek economy...












Hapag-Lloyd AG and Compañía Sud Americana de Vapores (CSAV) signed a binding contract on merging CSAV’s entire container business with Hapag-Lloyd, subject to the necessary approvals. Following the integration, the new Hapag-Lloyd will rank among the four largest liner shipping companies in the world, with some 200 vessels with total transport capacity of around one million TEU, an annual transport volume of 7.5 million TEU and a combined turnover of 9 billion Euro.
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PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier, the company said on Thursday.
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Yangfan Group announced that German owner John T. Essberger has excercised options for two 2,200teu containerships in addition to the four 2200teu vessels it ordered in March 2013.
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[UPD] Investigators struggled to narrow down possible causes for the South Korean ferry disaster as it emerged the ship made a sharp turn before it started to tilt. The coast guard began interviewing the captain of the ship, who appeared on television wearing a grey hoodie with his head lowered.
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Golar LNG has reportedly expressed interest in investing in Greece’s Public Gas Corporation (DEPA) floating LNG project. Golar LNG representatives held a meeting with Greek Energy, Environment and Climate Change Minister Yannis Maniatis earlier this week.
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While the broad market’s weakness might explain part of the recent sell-off in the Guggenheim Shipping ETF (SEA) and dry bulk shipping companies such as Safe Bulkers, Navios Maritime Holdings, Diana Shipping and DryShips, these were also negatively affected by falling Capesize rates.
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Business Monitor International sees Port of Piraeus Container throughput rising as much as 20 pct this year despite the ongoing economic crisis.
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